By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer price growth slowed sharply in April as gasoline prices eased off record highs, suggesting that inflation has probably peaked, though it is likely to stay hot for a while and keep the Federal Reserve’s foot on the brakes to cool demand. That aspect was reinforced by the report…
DUBAI (Reuters) – Emirates will receive its first Airbus A350 aircraft in August 2024, the airline’s chief operating officer was cited as saying on Wednesday, which would be more than one year later than originally planned. Emirates and Airbus did not immediately respond to a request for comment on the report by Emirati newspaper Emarat…
By Juliette Portala (Reuters) – Alstom’s shares slipped sharply on Wednesday, erasing earlier strong gains as the French train maker’s comments on cash flow generation and guidance divided the market. The stock climbed 9% after the market opened, before plummeting nearly 12%. By 1229 GMT, shares were down 9.8%. “There is a strongly bifurcated opinion…
By Jan Schwartz and David Shepardson HAMBURG/WASHINGTON (Reuters) -Volkswagen plans to expand its electric in vehicle range the United States with a fully electric pick-up and sports utility vehicle under the Scout brand, two people with knowledge of the matter said on Wednesday. The carmaker would invest around 100 million euros ($105.52 million) in the…
By Alexander Cornwell DUBAI (Reuters) -Emirates airline said on Wednesday deliveries of Boeing 787 Dreamliners it has ordered are delayed by at least a year until 2024 and that it could be even longer due to the U.S. plane maker’s continued delivery suspension over structural flaws. The Dubai-based carrier ordered 30 of the twin-aisle jets…
By Nina Chestney LONDON (Reuters) – Russian gas flows to Europe via Ukraine fell by a quarter on Wednesday after Kyiv halted use of a major transit route blaming interference by occupying Russian forces, the first time exports via Ukraine have been disrupted since the invasion. Ukraine has remained a major transit route for Russian…
By Neil Jerome Morales MANILA (Reuters) – Share prices of Philippine companies linked to presidential election winner Ferdinand Marcos Jr have surged this week, on what analysts said were expectations they would benefit under the incoming administration. Shares in at least three firms owned by relatives or friends of Marcos and outgoing President Rodrigo Duterte…
By Sheila Dang (Reuters) – Elon Musk’s $44 billion deal to take Twitter Inc private could mark the end of the social media platform’s advertising business, many in the ad industry have worried. But in the weeks since April 25 when the Tesla Inc chief executive announced the deal, Madison Avenue’s attitude to Musk’s upcoming…
PRAGUE (Reuters) – Czech President Milos Zeman appointed central bank board member Ales Michl as the new governor on Wednesday, picking an opponent of the rapid policy tightening the central bank has delivered in the past year to tame soaring inflation. Michl, who has voted for stable rates at each policy meeting since last June…
By Tim Kelly TOKYO (Reuters) – Panasonic Corp forecast on Wednesday flat operating profits this business year as component shortages and rising material costs continue to pose a risk to earnings. The Japanese company predicted operating profit of 360 billion yen for the year to March 31, 2023, little changed from the 357 billion it…
